Jabil Inc (NYSE:JBL) EVP Courtney J. Ryan sold 5,000 shares of Jabil stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $35.21, for a total transaction of $176,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE JBL opened at $34.65 on Friday. The firm has a market capitalization of $5.29 billion, a P/E ratio of 19.14, a PEG ratio of 1.20 and a beta of 0.97. Jabil Inc has a one year low of $21.49 and a one year high of $36.12. The company’s fifty day moving average is $30.27 and its two-hundred day moving average is $29.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.98.
Jabil (NYSE:JBL) last issued its earnings results on Tuesday, September 24th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.63 billion. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts forecast that Jabil Inc will post 2.49 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI purchased a new stake in shares of Jabil in the 2nd quarter worth about $28,000. Advisory Services Network LLC boosted its position in shares of Jabil by 57.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock worth $39,000 after buying an additional 450 shares in the last quarter. Private Capital Group LLC boosted its position in shares of Jabil by 1,804.5% in the 2nd quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock worth $35,000 after buying an additional 1,209 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Jabil in the 2nd quarter worth about $42,000. Finally, Doyle Wealth Management purchased a new stake in shares of Jabil in the 2nd quarter worth about $93,000. Institutional investors own 88.70% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, September 25th. Bank of America lifted their price objective on shares of Jabil from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Argus lifted their price objective on shares of Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. ValuEngine lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Jabil from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
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